Archives for April 2014

On Tuesday`s session the pound unfolded as expected reaching both specified targets and exceeding the second target by 5 pips.
We are updating the main count according to the latest price action and as well adding an alternate count which expects the pound to unfold towards the upside in a corrective manner.
As always we will wait for either count`s confirmation point to be reached to determine the highly probable count.
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The euro spent the day moving lower, although it failed to make any new lows and kept away from all our confirmation and invalidation points. Both counts are still valid so far, and we'll have to wait for price action to tell us which count the market will follow.
We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. As usual we'll use each count's invalidation point to confirm the other count.
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